Landbay (Landbay) Inventory Turnover : 0.22 (As of Dec. 2023)

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What is Landbay Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Landbay's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Landbay's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil. Landbay's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Landbay's Days Inventory for the three months ended in Dec. 2023 was 410.63.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Landbay's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.50.

Landbay Inventory Turnover Historical Data

The historical data trend for Landbay's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Landbay Inventory Turnover Chart

Landbay Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

0.07

1.84

1.17

1.14

Landbay Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.59	0.31	-	0.50	0.22

Landbay Inventory Turnover Calculation

Landbay's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.008	/ (	(0	+	0.007)	/	1 )
=	0.008	/	0.007
=	1.14

Landbay's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.001	/ (	(0.005	+	0.004)	/	2 )
=	0.001	/	0.0045
=	0.22

Landbay (OTCPK:LNBY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Landbay's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.0045	/	0.001	*	365 / 4
	=	410.63

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Landbay's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.0045	/	0.001
	=	4.50

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Landbay Inventory Turnover Related Terms

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Landbay (Landbay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Landbay Inc (OTCPK:LNBY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

36-25 Main Street, Flushing, NY, USA, 11354

Website

Landbay Inc is primarily involved in the furniture retail business and furniture design business in the New York area. The company's product features urban and contemporary styles, combining comfort and functionality in matching furniture collections and upscale luxury pieces appealing to lifestyle-conscious middle-income consumers. The furniture brands come from different countries including Italy, China, Vietnam, Malaysia, and so forth. Further, the company classifies the products by room, designation, or series, such as living room, dining room, bedroom and home office series, and by category or product types such as sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards.

Executives

Xiaowei Jin	director, 10 percent owner, officer: President	36-25 MAIN STREET, FLUSHING NY 11354
Northern Ifurniture Inc	10 percent owner	36-25 MAIN STREET, FLUSHING NY 11354
Xie Wanjun	director, 10 percent owner, officer: President	3906 MAIN STREET, 207, FLUSHING NY 11354
Larison Inc	10 percent owner	3906 MAIN STREET, 207, FLUSHING NY 11354

Landbay (Landbay) Headlines

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